Monday, July 7, 2014

Thousands of websites from South Korea will embrace Bitcoin due to Galaxia Communications

After the South Korean payment gateway giant, Galaxia Communications, announced to join Bitcoin payment method, thousands of websites from South Korea will embrace Bitcoins. Galaxia Communications is one of the top three online payment companies in South Korea. This company has more than 10,000 customers both inside and outside of South Korea. It also is the top seller for mobile gift card and coupon in South Korea. The cooperated Bitcoin payment processor is Coinplug, which provides technology support for Bitcoin transaction. The vice president and COO of Galaxia Communications, Yongkwang Kim, said the first time he heard about Bitcoin is just last year. Now he already has his own Bitcoin wallet. Kim also stated that persuading other staff of the company to accept Bitcoin is still challenging, since there is lots of negative news about digital currency, which makes bitcoin look unreliable. Kim also emphasised that there is no big problem in technical implementation:"We have operated many other payment methods. The operation of Bitcoin payment is relatively easier."Source: http://www.8btc.com/koreans-have-thousands-new-online-bitcoin-opportunities-thanks-galaxia

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Overstock, which began taking Bitcoin as a form of payment in January, said that only about a quarter of a percent of its sales were in the virtual currency, or about $12,000 to $15,000 a day. With about $1.3 billion in total sales in 2013...bitcoin